7(a) Loan Program

GPTKB entity
AI-created image of 7(a) Loan Program
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Statements (29)
Predicate Object
gptkbp:instanceOf Small business loan program
gptkbp:administeredBy gptkb:U.S._Small_Business_Administration
gptkbp:application Must do business in the U.S.
Must have exhausted other financing options
Must have reasonable invested equity
Must operate for profit
gptkbp:collateralRequired Yes, if available
gptkbp:country gptkb:United_States
gptkbp:creditDecision Made by participating lenders
gptkbp:eligibility Small businesses
gptkbp:filingMethod Generally 7 years for working capital
Up to 10 years for equipment
Up to 25 years for real estate
gptkbp:fundedBy Debt refinancing
Equipment purchase
Inventory purchase
Real estate purchase
Working capital
gptkbp:guarantees Up to 75% for loans greater than $150,000
Up to 85% for loans up to $150,000
https://www.w3.org/2000/01/rdf-schema#label 7(a) Loan Program
gptkbp:mainInterest Negotiated between borrower and lender, subject to SBA maximums
gptkbp:maximumLoanAmount $5 million
gptkbp:purpose Provide financial assistance to small businesses
gptkbp:SBAGuaranteeFee Yes, based on loan amount and maturity
gptkbp:targetUser Guaranteed loan
gptkbp:website https://www.sba.gov/funding-programs/loans/7a-loans
gptkbp:bfsParent gptkb:Small_Business_Administration
gptkbp:bfsLayer 4